How do women business correspondents contribute to reducing NPAs of self-help groups
Exploring the role of women business correspondents in the context of self-help group NPAs reduction.
- Personal touch: Women business correspondents build trust and rapport with self-help groups, leading to better repayment rates.
- Financial literacy: They educate group members on managing finances effectively, reducing the chances of default.
- Monitoring and support: Women business correspondents regularly monitor the groups' activities and provide guidance to ensure timely repayments.
- Access to credit: By facilitating loan disbursement and repayment processes, they enhance the accessibility of credit, enabling groups to meet their obligations.
- Empowerment: Women business correspondents empower group members by providing them with the necessary knowledge and tools to improve financial discipline and accountability.
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a year ago